Zero Hedge: Spot The Odd One Out - NATO 'Defense' Expenditure
As world leaders descended on Brussels for the first in-person NATO summit since the start of the pandemic, plenty of topics were on the agenda in the Belgian capital but the focus was firmly set to be on President Biden.
As Statista's Niall McCarthy notes, Biden's most important task was to reassure NATO allies after his predecessor lambasted several members for not paying their fair share on defense, even going as far as threatening to pull the United States out of the alliance.
Biden also had serious discussions with Turkish President Tayyip Erdogan, with both leaders attempting to repair a growing rift as a result of the White House recognizing the Armenian genocide as well as due to Washington kicking Turkey out of the F-35 program in the wake of Ankara's decision to purchase Russian S-400 surface-to-air missiles.
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WNU Editor: The media narrative is that Europe overwhelming supports President Biden. Of course they do. He is giving them everything that they want, not only defense spending, but on the removal of tariffs .... EU-US ties: Undoing Donald Trump's trade war (DW).
4 comments:
Sadly it's not surprising. The only thing that did catch my eye is Greece. They spend a higher percentage of GDP than I would have guessed.
I guess Biden like screwing farmers.
"Earlier, the WTO gave the Trump administration the right to put tariffs on $7.5 billion in European goods. The U.S. had lodged complaints, first in 2004, over what it called illegal subsidies for aircraft maker Airbus by several European governments."
It was 15 years coming. the WTO sided with the US, but Biden did as he was told so he would not get in trouble like little kid when he got back to the White House.
Who is holding his chain?
“The agreement we have found now really opens a new chapter in our relationship because we move from litigation to cooperation on aircraft... after almost 20 years of trade disputes.”
Ursa von der Lay'n
So Petra Principle thinks after 18 years of jawboning and not resolving a dispute, that imposing tariffs is a bit hasty.
After 8 years of Bush, 8 years of Obama and 2 years of Trump, it was wrong and hasty to impose tariffs.
I suppose when John China trade Forbes Kerry get done solving global warming, he can get right on the US-EU trade disputes and solve them by the year 2525.
"Sure the EU is happy…..they just fleeced Biden and the USA. It’s easy to make deals when one side gets everything they want. DON’T MISTAKE LIKE FOR RESPECT. "
Found this comment in the Washing Post comments. Not all Washington Post readers are morons although most are.
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